Quannah Partners Sells Class A Industrial Property in Houston, Texas
March 28, 2022
Today, Quannah Partners, in a co-GP joint-venture with Davis Commercial Development (“DCD”), sold Cypress Preserve Logistics Center, a two-building, 515,780 square foot Class-A spec industrial development located in northwest Houston at 22215 Cypress Slough Drive, Houston, TX. This represents Quannah’s second successfully realized industrial development with DCD. American National Insurance Company (“ANICO”) was the joint venture’s lender. The partnership acquired the land in November 2018, completed construction in January 2020, and sold the 50% leased property in March 2022.
JLL’s Houston capital markets team led by Trent Agnew coordinated the sale marketing process.
About Quannah Partners - Quannah Partners is a private equity commercial real estate investment firm headquartered in Denver, CO and is actively pursuing direct and co-GP investment opportunities across Texas and Colorado in industrial, multifamily, office, and retail properties.